Market closes lower due to losses in consumer stocks amid weak earnings
The stock market closed lower on Wednesday due to losses in consumer stocks amid weak earnings.
The stock market closed lower on Wednesday due to losses in consumer stocks amid weak earnings.
The benchmark indices surged 1.8 per cent on the back of strong gains in capital goods, banking, energy, and auto stocks on Tuesday.
Stock market fell on Monday amid losses in global markets as the US President Donald Trump announced new tariffs on key trading partners, including Canada, Mexico, and China.
Stock market closed higher on Friday, a day before the announcement of Budget, for the fourth consecutive session.
At close, Sensex was up 654 points or 0.9 per cent at 76,555 and Nifty was up 206 points or 0.9 per cent at 23,163.
The 30 stock S&P BSE Sensex closed 36.74 points or 0.06 per cent higher at 58,803.33 points against its previous day's close at 58,766.59 points.
Rating agency Moody's Investors Service on Thursday once again lowered India's economic growth forecast for 2022 to 7.7 per cent.
Benchmark indices ended sharply down on Thursday in line with international peers with Sensex falling over 700 points and Nifty falling over 200 points
Indian stocks opened Thursday's session with substantial losses led by a steep decline in IT and oil and gas shares. At 10 a.m.,
Meanwhile, rupee again retreated from 80 mark against US dollar on Tuesday to trade at 79.84.
